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It's quite emotional to talk about it. I started following Gulu's entrepreneurship from the Bihu era, from the initial MYKEY to the later Orderbook layer 2 protocol, and now to the pure Swap DEX. It's been almost 8 years since then. From holding KEY to now having DG, I have changed so many projects and experienced so many bull and bear markets that I can no longer remember. Many people have left along the way, which is normal. After all, the feeling of running alongside is like investing in a company's Angel Round, and the outcome is uncertain. Looking at the current landscape of the Swap track: Uniswap is valued at 5.6 billion USD, Jupiter has reached 1.4 billion, and Pancake is still holding a market capitalization of 800 million.
And DG?
Currently still unknown, with a market capitalization of only 50 million dollars (liquidity is also relatively poor), most people don't know what this is about. But it is worth noting that although DG is still in its early stages, its goals are quite ambitious – aiming to connect the BSC, ETH, and Solana chains simultaneously, wanting to build a pure intermediary light asset Swap platform with a three-chain consensus. Without built-in liquidity and relying entirely on third-party matching, it’s hard to say whether this model can succeed. However, if it can truly penetrate the DEX ecosystem of these three chains, to be honest, don’t even mention a market cap of 1 billion; a hundred billion is not a pipe dream. Perhaps DG is still too early now, and the product form is quite "rough", and the contract design is also relatively simple. Maybe we should wait for another five years? What do you think, does it still have a chance? Will this wave from Gulu be an "arrival that is not absent" explosion?